PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0541%/8h= −59.2% APRnext payment −$0.68 per $10,000 · paid last 24h −0.083%

Price spread now: gTrade (Gains Network) against Deribit+0.131%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.131% dearer against Deribit than usual: you sell high and buy low (spread +0.131% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000PEPE_USDC-PERPETUAL	0.000005025	0.0547	pay 0.0068% / 1h	37m 25s	$61K	$114K	25x
Short	gTrade (Gains Network) PEPE/USD	0.000005032	L +0.0006% / S −0.0006%	get 0.0001% / 1h	37m 25s	$15K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.131%Rate

Funding earned: −$113.55
Price spread: +0.131% → 0.000%: $13.13
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$117.41
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 57 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 57 min ago	5.97 bp	9.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	0.000005031	+0.110%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USDshort	L +0.0006% / S −0.0006%	1h	0.000005032	+0.131%	$15K	—	150x
Pacifica kPEPE	+0.0100%	1h	0.000005038	+0.259%	$64K	$136K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005031	+0.119%	$98.5M	$334.2M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005038	+0.259%	$165.0M	$74.1M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005039	+0.289%	$25.3M	$62.1M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005027	+0.042%	$46.1M	$171.3M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005050	+0.488%	$680K	$4.7M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005056	+0.623%	$27K	$423K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005045	+0.388%	$2K	$2.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005034	+0.185%	$575K	$3.6M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005040	+0.299%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0311%	8h	0.000005029	+0.080%	$45.9M	$581.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0316%	8h	0.000005027	+0.036%	$33K	$24K	20x	as long as short
BloFin PEPE-USDT	+0.0424%	8h	0.000005043	+0.358%	$4.3M	$25.1M	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUALlong	+0.0547%	1h	0.000005025	long leg	$61K	$114K	25x
BingX 1000PEPE-USDC	+0.0562%	8h	0.000005036	+0.221%	—	$2.3M	—	as long as short
SoDEX 1000PEPE-USD	+0.0568%	1h	0.000005027	+0.040%	$2K	$12K	10x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0575% / S −0.0888%	1h	0.000005000	−0.498%	$49K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0576%	1h	0.000005035	+0.199%	$834K	$30.9M	50x	as long as short
MEXC PEPE_USDT	+0.0604%	8h	0.000005041	+0.308%	$95.9M	$288.0M	300x	as long as short
Binance 1000PEPEUSDT	+0.0605%	8h	0.000005041	+0.327%	$141.3M	$1.20B	75x	as long as short
Extended 1000PEPE-USD	+0.0608%	1h	0.000005025	−0.002%	$533K	$221K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0608%	1h	0.000005028	+0.060%	$142K	—	3x	as long as short
Phemex u1000PEPEUSDT	+0.0623%	8h	0.000005029	+0.084%	$2.3M	$7.0M	50x	as long as short
Aster 1000PEPEUSDT	+0.0699%	8h	0.000005039	+0.276%	$1.8M	$9.0M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0761%	8h	0.000005042	+0.331%	$6K	—	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0772%	1h	0.000005053	+0.557%	$99K	$753K	25x	as long as short
Nado kPEPE-PERP	+0.0899%	1h	0.000005042	+0.329%	$183K	$866K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0917%	1h	0.000005027	+0.050%	$98K	$618K	15x	as long as short
Injective PEPE/USDC PERP	+0.0973%	1h	0.000005105	+1.592%	$4K	$102K	12x	as long as short
01 Exchange kPEPEUSD	+0.0984%	1h	0.000005048	+0.458%	$609	$3K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.1385%	1h	0.000005023	−0.045%	$4.2M	$15.1M	50x	as long as short
Lighter 1000PEPE	+0.1464%	1h	0.000005037	+0.239%	$714K	$8.0M	10x	as long as short
Hyperliquid kPEPE	+0.1789%	1h	0.000005047	+0.438%	$55.5M	$137.3M	10x	as long as short